Defense minister halts Israel Aerospace IPO citing security fears-report
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The defense minister has ordered a halt to preparations for an initial public offering of Israel Aerospace Industries (IAI) over fears of possible security breaches, the Globes reported on Monday.
State-owned IAI was considering offering a minority stake in the company but Defense Minister Avigdor Lieberman had ordered a halt to preparations for the IPO because officials in his department had expressed concerns that outside investors might become privy to highly classified information, the report said.
